Perspective
Apr. 6, 2011
Will Your Tenant Go Up in Smoke?
With medical marijuana in legal limbo, is it wise for a landlord to lease property to a marijuana dispensary? By Kevin Sher of Greenberg Glusker Fields Claman & Machtinger LLP.
I recently received a call from a client who owns a small commercial building that has been vacant for over a year despite his broker's best efforts. A medical marijuana collective had offered to pay above-market rent to lease the building as a dispensary. Naturally, he was intrigued by the prospect of filling the vacancy at rent amounts envy of his neighbors; however, he was equally concerned with the risks of leasing to a tenant whose use, whi...
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